Pre-Market IV Report June 13, 2024

Pre-Market IV Report June 13, 2024

The following report is a snapshot of noteworthy changes in stock and option volumes, as well as changes in option implied volatilities. By monitoring this market data, traders can create strategies that capitalize on this often over looked information

Options with increasing option implied volatility: MBLY CPRI OPRA VZIO HYG URGN BAND DOLE CSTM NTLA RDDT AAN EMB AAPU CPRI WHR RTO

Stocks expected to have increasing option volume: AVGO NVDA SMCI ARM AAPL TSLA R SPCE OCUL GME

GameStop (GME) 30-day option implied volatility is at 236; compared to its 52-week range of 52 to 347. Option volume was active on 1.2M contracts with large trades into the bell.

Straddle prices into quarter results

Adobe (ADBE) June weekly 460 straddle priced for a move of 7% into the expected release of quarter results today after the bell.

RH (RH) June weekly 285 straddle priced for a move of 13% into the expected release of quarter results today after the bell.

Signet (SIG) June weekly 108 straddle priced for a move of 10% into the expected release of quarter results today before the bell.

Restaurant Sector option IV

Yum! Brands (YUM) 30-day option implied volatility is at 15; compared to its 52-week range of 14 to 31.

Restaurant Brands (QSR) 30-day option implied volatility is at 22; compared to its 52-week range of 15 to 70.

Starbucks (SBUX) 30-day option implied volatility is at 22; compared to its 52-week range of 15 to 34.

Sweetgreen (SG) 30-day option implied volatility is at 40; compared to its 52-week range of 37 to 80.

Shake Shack (SHAK) 30-day option implied volatility is at 35; compared to its 52-week range of 29 to 56.

Jack in the Box (JACK) 30-day option implied volatility is at 41; compared to its 52-week range of 24 to 82.

Wendy’s (WEN) 30-day option implied volatility is at 22; compared to its 52-week range of 16 to 72.

McDonald’s (MCD) 30-day option implied volatility is at 16; compared to its 52-week range of 16 to 23.

Chipotle Mexican Grill (CMG) 30-day option implied volatility is at 23; compared to its 52-week range of 15 to 40.

Movers

Braze, Inc. (BRZE) 30-day option implied volatility is at 38; compared to its 52-week range of 35 to 110 with a focus on June and July 40 calls.

Elevance Health (ELV) 30-day option implied volatility is at 19; compared to its 52-week range of 12 to 36.

Chesapeake Energy (CHK) 30-day option implied volatility is at 21; compared to its 52-week range of 17 to 76 with a focus on July 85 puts.

Aaron’s (AAN) 30-day option implied volatility is at 52; compared to its 52-week range of 26 to 75 with a focus on July 5 puts.

Bandwidth, Inc. (BAND) 30-day option implied volatility is at 51; compared to its 52-week range of 37 to 105 with a focus on July 20 calls.

Options with decreasing option implied volatility: BNED GERN IOT SMTC VSCO LULU NVAX
Increasing unusual option volume: INCY FFIE PLAY EWW CORZ
Increasing unusual call option volume: VLY PLAY MBLY ZI FFIE EWW CNK
Increasing unusual put option volume: CORZ INCY EWW MAXN PLAY PCAR
Popular stocks with increasing volume: GME ORCL TSM SOFI PLTR AMC ARM BAC AFRM MU
Active options: NVDA AAPL TSLA GME AMZN ORCL MSFT META TSM SOFI PLTR AMC MARA ARM GOOGL BAC AFRM RIOT HOOD MU
Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $77.60, natural gas mixed, gold at $2331